Tether’s $20 million bet on Argentina’s Ualá opens door for future crypto expansion despite current USDT limits
Bloomberg •
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Promote with Leviathan NewsTether put $20M into Ualá as part of the Argentine neobank’s $197M March round led by Allianz X, which valued Ualá at $3.2B. Ualá CEO Pierpaolo Barbieri says Tether is only a financial investor, with banking rules blocking USDT integration in Argentina and Mexico. The check extends Tether’s LatAm expansion after investments in Belo and Mercado Bitcoin, while Ualá serves more than 11 million customers.
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